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Operating status: SCAM

Website: https://www.tradovate.com/

Broker violations and abnormal records
  • Jan 26, 2026 BrokersView has found that tradovate appears to be a scam
    Tradovate claims to be operated by NinjaTrader Group LLC and references oversight by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). However, our checks show that while NinjaTrader Group LLC appears in the NFA’s registration database, it is explicitly listed as not an NFA Member, meaning it does not hold an active NFA license to offer regulated trading services. Besides, there is also no record of authorization from the CFTC for retail forex or derivatives trading.
     
    In effect, Tradovate operates without a valid license for forex or other financial instruments in USA. Therefore, tradovate appears to be a scam.
    Tradovate claims to be operated by NinjaTrader Group LLC and references oversight by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). However, our checks show that while NinjaTrader Group LLC appears in the NFA’s registration database, it is explicitly listed as not an NFA Member, meaning it does not hold an active NFA license to offer regulated trading services. Besides, there is also no record of authorization from the CFTC for retail forex or derivatives trading. In effect, Tradovate operates without a valid license for forex or other financial instruments in USA. Therefore, tradovate appears to be a scam.

Related Complaints

Q&A

Is tradovate licensed by NFA?

Yorick Xia
United States of America
Jan 27, 2026
ANSWER Dear Investor, Tradovate is not a reliable trading platform. It claims to be operated by NinjaTrader Group LLC and references oversight by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). However, our checks show that while NinjaTrader Group LLC appears in the NFA’s registration database, it is explicitly listed as not an NFA Member, meaning it does not hold an active NFA license to offer regulated trading services. Besides, there is also no record of authorization from the CFTC for retail forex or derivatives trading. In effect, Tradovate operates without a valid license for forex or other financial instruments and is not subject to meaningful regulatory supervision. This lack of proper oversight poses significant risks to client funds. We therefore strongly advise you to avoid trading with Tradovate.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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